> For the complete documentation index, see [llms.txt](https://spaceboynfts.gitbook.io/spaceboysnft-technical-paper/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://spaceboynfts.gitbook.io/spaceboysnft-technical-paper/other-important-info/glossary/dutch-auction.md).

# Dutch Auction

A bidding technique that considers all bids received on a given asset before arriving at a ceiling price, which gradually drops at specific time intervals.